An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. eBook

William Playfair
This eBook from the Gutenberg Project consists of approximately 405 pages of information about An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations..

An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. eBook

William Playfair
This eBook from the Gutenberg Project consists of approximately 405 pages of information about An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations..

The difference between the two lines is stained pale green, when the balance was favourable, but of a pale red when against England.

[end of page #213]

The advantages proposed by this mode of representing matters are the same that maps and plans have over descriptions, and dimensions written in figures; and the same accuracy is in one case as the other; for, whatever quantities can be expressed in numbers may be represented by lines; and, where proportional progression is the business, what the eye does in an instant, would otherwise require much time.

The impression is not only simple, but it is as lasting in retaining as it is easy in receiving.  Such are the advantages claimed for the invention twenty years ago, when it first appeared; the claim has been allowed by many, and not objected to, so far as the inventor knows, either in this or in any other country.

EXPLANATION OF PLATE NO.  IV.

Chart of revenue, from the time of Queen Elizabeth to the present day.

Till the accession of William III. in 1688, the materials for this are not altogether accurate; but they are not far wrong, and indeed, the low state of the revenue, previous to that period, is such that it is a matter of little importance whether or not they are very exact.  It is represented here rather as a contrast to the present high revenue, and a matter of curiosity, than as being of much importance.

The pale red part expresses the free revenue, or what is over, after paying the interest of our debt.

This free revenue has not increased so fast as the value of money has decreased, previous to the year 1793; and certainly, at that time, the annual sum of 7,000,000 L. was no equal to 4,000,000 L. in the reign of Queen Anne.

The green part shews the annual interest of the national debt, and proves, beyond contradiction, that, under such a system, expenses of war (for the whole debt has been contracted for wars) augment in much more than a simple proportion.

The yellow part, bounded by a curved line, shews the manner in which the sinking fund will increase in its operation of paying off the debt, on the supposition that the nation continues to borrow as it has [end of page #214] done for the last twelve years; setting apart one per cent. on every new loan, for its liquidation.

As comparative views are the great object of these charts, a yellow dotted line is made, representing the amount of the revenue of France during the same period, till 1789, when the revolution stopped its progress; since which its amount has not been regularly known. {173}

—–­ {173} The author published an Atlas, containing twenty-seven charts of the different branches of commerce, revenue, and finance, of England, which was translated into French.  The fifth edition, much improved, and brought to the present time, is now printing, and will be published in November. -=-

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An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. from Project Gutenberg. Public domain.